# OPEC oil output rises by 90,000 bpd in February, survey finds | Reuters

> A Reuters survey showed OPEC crude output rose by 90,000 bpd in February. The figures compare February and January production for OPEC.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/31565-opec-oil-output-rises-by-90-000-bpd-in-february-survey-finds-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher OPEC output adds supply to the market, which weighs on crude prices. The change is small, so the price effect is limited.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.8% | +1.6% |
| BRENT | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +4.9% | +4.7% |
| BRENT | 2020-10-30 | [OPEC oil output rises by 210,000 bpd in October-survey \| Financial Post](https://feedsoft.ai/events/50549-opec-oil-output-rises-by-210-000-bpd-in-october-survey-financial-post.md) | +8.3% | +27.9% |
| BRENT | 2023-08-31 | [OPEC oil output rises in August as Iran hits 2018 high, Reuters survey finds \| Reuters](https://feedsoft.ai/events/34490-opec-oil-output-rises-in-august-as-iran-hits-2018-high-reuters-survey-finds.md) | +5.7% | +12.3% |
| BRENT | 2024-11-04 | [OPEC oil output rises in October as Libyan supply rebounds, survey finds \| Reuters](https://feedsoft.ai/events/27304-opec-oil-output-rises-in-october-as-libyan-supply-rebounds-survey-finds-reuters.md) | +0.8% | +0.2% |
| WTI | 2017-09-29 | [OPEC oil output rises by 50,000 bpd in September - Reuters survey](https://feedsoft.ai/events/68863-opec-oil-output-rises-by-50-000-bpd-in-september-reuters-survey.md) | -1.6% | +1.7% |
| WTI | 2020-07-31 | [OPEC oil output rises by 970,000 bpd in July - survey \| Financial Post](https://feedsoft.ai/events/52008-opec-oil-output-rises-by-970-000-bpd-in-july-survey-financial-post.md) | +5.2% | +7.7% |
| WTI | 2020-10-30 | [OPEC oil output rises by 210,000 bpd in October-survey \| Financial Post](https://feedsoft.ai/events/50549-opec-oil-output-rises-by-210-000-bpd-in-october-survey-financial-post.md) | +7.3% | +26.5% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-oil-output-rises-by-90000-bpd-february-survey-finds-2024-02-29/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.